2924 Lakeshire DrSpringfieldIL62707
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springfield at 2924 Lakeshire Dr, Springfield, IL, 62707 listed at $215,000 pairs $2,012/mo rent with a $1,052/mo payment to leave $521/mo cash flow. Total monthly income runs $2,012/mo, and annual cash flow reaches $6,252/yr on $71,273 cash to close. Return on cash invested measures 28.68% in year one, and rental yield registers 11.23% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 150.93% and total cumulative return in cash totals $107,569. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,012/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62707, Springfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,719 (100%) |
| Owner Occupied HU | 2,884 (77.5%) |
| Renter Occupied HU | 519 (14.0%) |
| Vacant Housing Units | 316 ( 8.5%) |
| Median Home Value | $176,144 |
| Average Home Value | $226,551 |
Housing Distribution
Address Breakdown
Residential
3,314
Single Family
3,314
Multi-Family
0
Businesses
199
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Listed by: Randy Aldrich • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1038342